LONDON, February 26, 2014 /PRNewswire/ --

ICIS, the leading provider of global plastics market intelligence, has launched two new weekly reports offering detailed independent coverage of the growing Turkish polyethylene (PE) and polypropylene (PP) markets.

The existing range of ICIS plastics price reports is already regarded as the benchmark by the industry. These new additions to the ICIS suite provide a deeper level of insight into market activity in Turkey. Import spot prices for the key resin grades traded in Turkey are covered, broken down to the relevant duty groups and country origins. Each report also provides a weekly market overview and news updates as well as feedstock and production information in a comprehensive commentary section.

"Turkey is increasingly being seen as a major player in the PE and PP markets. Strong economic growth over recent years, together with a good geographical location, sitting at the nexus of the Middle East, Europe and India, and closer to Asia than the mature European market, makes Turkey a very attractive country in which to do business," says Matt Tudball, ICIS Markets Editor and author of the new ICIS Turkey reports. 

From ICIS research, average annual consumption growth for PP is expected to be in the region of 4.1% from 2015-2025, and about 4.2% and 6.3% for HDPE and LLDPE respectively. 

"This is the perfect time for industry participants to seize opportunities in the Turkish PE and PP markets. We're offering up-to-date, accurate and detailed information on Turkish PP and PE import prices, import duties, local and international production news - all of which will help to plan ahead wisely and trade with confidence," he adds.  

These new reports provide valuable support for domestic and international market players interested in Turkey. Subscribers will gain real competitive advantage with access to previously unavailable market information. ICIS is leading the way, giving PE and PP market players the opportunity to build a more accurate and informed picture and take advantage of opportunities in Turkey.

Request your free sample Turkey-specific reports

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

About Reed Business Information

Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.

SOURCE ICIS